McKinnon Todd 4

What Happened

• Todd McKinnon, Chief Executive Officer of Okta, was granted 103,462 Restricted Stock Units (RSUs) on March 19, 2026. The grant is reported as a derivative award with a reported acquisition price of $0.00 (no cash paid at grant). Each RSU represents the right to receive one share of the issuer's Class A common stock when vested.

Key Details

• Transaction date and price: March 19, 2026; 103,462 RSUs granted at $0.00 (derivative award).
• Vesting: Footnotes state each RSU equals one share; 8.33% of the shares underlying the RSU vest on June 15, 2026, with the remaining shares vesting in 11 equal quarterly installments thereafter (i.e., roughly a 3-year quarterly schedule). Related notes reference 8.33% vesting on June 15 of 2024 and 2025 for prior awards.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Report was filed on March 23, 2026 for a March 19, 2026 grant — filed within the Section 16 reporting window (timely).
• Other filing notes: The form includes standard explanatory footnotes about RSU treatment; no 10b5-1 plan, tax-withholding sale, or immediate sale was reported for this grant.

Context

• RSUs are a common form of executive compensation that vest over time and convert into company shares when they vest; they do not represent an open-market purchase or sale and therefore are not a direct market sentiment signal.
• No cash was exchanged at grant; taxes and any share withholding would apply later at vesting. This is a deferred compensation award rather than an exercise or sale transaction.